Common use of Legality of Investment Clause in Contracts

Legality of Investment. The Note to be purchased by the Purchaser shall be a legal investment for the Purchaser under the laws of each jurisdiction to which it may be subject (including legality by virtue of resort to any so-called basket provisions of such laws).

Appears in 2 contracts

Samples: Note Agreement (Standard Management Corp), Note Agreement (Standard Management Corp)

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Legality of Investment. The Note to be purchased acquired by the Purchaser shall be a legal investment for the Purchaser under the laws of each jurisdiction to which it may be subject (including legality by virtue of resort to any so-called basket provisions of such laws).

Appears in 2 contracts

Samples: Note Agreement (Standard Management Corp), Note Agreement (Standard Management Corp)

Legality of Investment. The Note Notes to be purchased by the such Purchaser shall be a legal investment for the such Purchaser under the laws of each jurisdiction to which it such Purchaser may be subject (including legality by virtue of without resort to any so-called basket provisions of to such laws).

Appears in 1 contract

Samples: Note Agreement (Johnson Worldwide Associates Inc)

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Legality of Investment. The Note Notes to be purchased by the Purchaser shall be a legal investment for the Purchaser under the laws of each jurisdiction to which it the Purchaser may be subject (including legality by virtue of without resort to any so-called basket provisions of to such laws).

Appears in 1 contract

Samples: Note Agreement (Johnson Worldwide Associates Inc)

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